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The government today rejected criticism from MPs that a precise figure was needed for modernisation of the Royal Mail. More: continued here

Business in brief: Royal Mail; Bramdean AlternativesTimes Online, UKPeter Luff, the Conservative chairman of the Commons Business and Enterprise Select Committee, is unhappy with the response by ministers to the committee's concerns about the partial sale of Royal Mail. Pat McFadden, the Postal Services Minister, … More: continued here

Handful of Old Toy Marbles Collect $13000 Selling on ebayWebWire (press release), GAA small collection of (10) Vintage Toy Marbles fetched an astounding $13000 while selling on ebay. The Marbles, claimed (by the seller) to be very rare and handmade, had caught the attention of over 3100 people (recorded by auction …

Canadian Auto Workers Union Push Post Office To Buy Local VehiclesAHNCAW requested the country's postal office buy locally manufactured vehicles. Canada Post is slated to purchase 4500 to 5500 new light vehicles under the company's motorized fleet renewal and expansion program. The call was made by CAW president Ken … …

ABC News US Post Office raises cost of stamps by 2-centsAXcess News, NVPotter has also asked Congress to make changes to the way the Postal Service prepays for retirement health benefits, saying it would save the Post Office $2 billion per year. While the Post Office is not officially part of …

Brown to face MPs' revolt over Royal MailFinancial Times, UKBy Jean Eaglesham, Chief Political Correspondent Ministers are willing to cede overall control over the appointment of Royal Mail's chief executive and other key “operational matters” to a minority shareholder in the postal operator, it emerged on … More: continued here

Also: Economic report sees green shoots in Tennessee, Peabody wins court case over name, FedEx sues biggest rival, and more… More More: continued here

Ford Engineer Builds 125 MPG 3-Wheeler, Puts It On EbayGas2.0, ORThe fuel economy expert crafted the vehicle at his home shop in Belleville, MI. It'sa street legal, two-passenger, 3-wheel motorbike that is made from aircraft materials. Oh, and it is capable of a top speed of over 100 mph. John told …

Investors in TNT, the Dutch postal group, are recommending caution over plans to take on a major stake in Royal Mail’s profitable parcels arm. More: continued here

Associated Press – May 11, 2009 4:53 PM ET DETROIT (AP) – Authorities say a rural postal carrier in suburban Detroit stole and sold stamps worth nearly $20,000 because he was behind on his… More: continued here